A number of states have enacted laws prohibiting Chinese and others from “countries of concern” from purchasing homes or land.
Congressional Research Service, "China's 'Hot Money' Problems," July 21, 2008
Summary:
China has experienced a sharp rise in the inflow of so-called “hot money,” foreign capital entering the country supposedly seeking short-term profits, especially in 2008. Chinese estimates of the amount of “hot money” in China vary from $500 billion to $1.75 trillion. The influx of “hot money” is contributing to China’s already existing problems with inflation. Efforts to reduce the inflationary effects of “hot money” may accelerate the inflow, while actions to reduce the inflow of “hot money” may threaten China’s economic growth, as well as have negative consequences for the U.S. and global economy. This report will be updated as circumstances warrant.
The full report can be found here.
Click here for a listing of reports released by the Congressional Research Service.
Featured Articles
Genshin Impact: Charting a Global Gaming Phenomenon and Chinese Dominance
Events
Chinese companies are among the world's largest video game firms. They are on the move in some of the fastest growing markets.
Throughout its history, the Chinese Communist Party has sought to dictate what is written and taught about its past. And some have always found ways to offer a fuller picture of what they and others have experienced.